Monday, January 19, 2009

Family compensation challenges

BookValue
9 Elements of Family Business Success
Allen E. Fishman
( http://www.tatamcgrawhill.com/ )

Relatives’ worth

Do you, as a family business leader, have a relative as an employee? Watch out, such a family-member-employee’s compensation can be fraught with problems. Quite simply, compensation of family members is much less likely to be based on any objective criteria, and this can make compensation discussions difficult to conduct as emotions enter the picture, cautions Allen E. Fishman in 9 Element s of Family Business Success.

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